Introduction
Protecting privacy is critical to preserving human dignity, safety, and self-determination. It allows people to develop their unique personalities freely.
The blockchain industry has enhanced privacy, and a new platform named Salvium has taken a step further by integrating blockchain anonymity features with DeFi capabilities to improve privacy more.
This article will explore how the Salvium platform has enhanced privacy and how this can impact the crypto market with its SAL token.
What Is Salvium?
Salvium is a privacy-focused blockchain platform that integrates advanced anonymity features and DeFi capabilities. It is based on a proof-of-work consensus method and was forked from Monero.
Salvium is a cutting-edge proof-of-work private blockchain that combines staking, greater privacy, and DeFi features while navigating cryptocurrency regulations. Built on a Monero fork, it keeps Monero's excellent privacy features while introducing ground-breaking improvements that distinguish it in the DeFi field.
The Salvium platform's general appeal is that privacy is a right, and Salvium further helps promote ethical behavior while maintaining regulatory compliance.
The unique and key features of Salvium include DeFi evolution, as it helps to lay the groundwork for completely private decentralized finance.
Another unique feature is that users have control over their privacy, which is required for compliance with exchanges and is developed with emerging regulations in mind.
Some of the goals of Salvium include foundational support for smart contracts and private DeFi applications, with future middleware for easy porting of existing Ethereum DApps and the empowerment of developers to build DApps with customizable privacy levels.
Background and History of Salvium
Salvium started from research on Cryptonote's potential for private DeFi. The development approach examined previous Monero studies to improve scalability, extensibility, and multi-chain interoperability.
This rigorous strategy enables Salvium to adapt to regulatory changes, particularly under the MiCA (Markets in Crypto-Assets) framework, and expand beyond Cryptonote and Monero.
Regarding its token distribution, with a total circulating supply of 30.5 million, the project is funded by a 12.01% pre-mine, which is partially locked. These funds will be allocated to build and operations. Miners and stakers will earn 88% of the total supply, plus tail emissions.
The Price Change of SAL Token on CoinEx
The SAL token was listed on the CoinEx on September 20, 2024, and deposit, withdrawal, and trading were immediately available.
As seen in the picture, the SAL token has performed incredibly well in the past 24 hours by rising 10.12% as of September 25, 2024.
Before being listed on the CoinEx, the lowest price of the SAL token was $0.08072, which was recorded on September 8, 2024, and when that is compared to the current price as of September 25, 2024, it is 20.67% higher than the all-time low as stated.
Apart from factors influencing the crypto market in general, there are a lot of other factors that can influence the price of SAL tokens; among these include the adoption of the Salvium blockchain platform.
As developers and companies understand how the Salvium platform has enhanced privacy with DeFi capabilities and try to implement and use it, this will directly impact the SAL token.
The Salvium platform also allows native staking of the SAL token, where those who stake can earn a 20% block reward. This can also directly impact the price of the SAL token.
Overview
- Name: SAL
- Official link: https://salvium.io/
- White paper link: https://salvium.io/wp-content/uploads/2024/07/salvium-litepaper-v1_0-english.pdf
- Explorer: https://explorer.salvium.io/
- Total supply: 30.5 Million
- Telegram: https://t.me/salviumcommunity
- Supported CEX: CoinEx
- Convenient for users to know in time: https://www.coinex.com/en/info/SAL
*This article does not constitute investment advice.
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